Spectra Systems Balance Sheet Health
Financial Health criteria checks 5/6
Spectra Systems has a total shareholder equity of $32.1M and total debt of $6.1M, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are $60.1M and $28.0M respectively. Spectra Systems's EBIT is $7.2M making its interest coverage ratio -19. It has cash and short-term investments of $13.3M.
Key information
19.1%
Debt to equity ratio
US$6.14m
Debt
| Interest coverage ratio | -19x |
| Cash | US$13.25m |
| Equity | US$32.11m |
| Total liabilities | US$27.98m |
| Total assets | US$60.10m |
Recent financial health updates
No updates
Recent updates
Spectra Systems' (LON:SPSY) Weak Earnings May Only Reveal A Part Of The Whole Picture
Apr 03
After Leaping 29% Spectra Systems Corporation (LON:SPSY) Shares Are Not Flying Under The Radar
Dec 23Why The 23% Return On Capital At Spectra Systems (LON:SPSY) Should Have Your Attention
Sep 27Why We Like The Returns At Spectra Systems (LON:SPSY)
Dec 14Spectra Systems Corporation's (LON:SPSY) 28% Jump Shows Its Popularity With Investors
Sep 13We Like The Quality Of Spectra Systems' (LON:SPSY) Earnings
Mar 28Financial Position Analysis
Short Term Liabilities: SPSY's short term assets ($26.1M) exceed its short term liabilities ($11.8M).
Long Term Liabilities: SPSY's short term assets ($26.1M) exceed its long term liabilities ($16.2M).
Debt to Equity History and Analysis
Debt Level: SPSY has more cash than its total debt.
Reducing Debt: SPSY's debt to equity ratio has increased from 0% to 19.1% over the past 5 years.
Debt Coverage: SPSY's debt is well covered by operating cash flow (122.5%).
Interest Coverage: SPSY earns more interest than it pays, so coverage of interest payments is not a concern.